Spot Bitcoin ETF Sees Net Outflow of $360 Million in Single Week

Market Overview

New data reveals that spot Bitcoin ETFs experienced outflows of approximately $359.91 million last week, signaling a shift in investor sentiment.

BlackRock Fund Performance

BlackRock's IBIT faced consistent outflows throughout the week, with $20.85 million, $73.41 million, $157.56 million, and $9.36 million leaving the fund from Monday to Friday. Despite a $26.53 million inflow on Tuesday, the fund still saw a net loss of approximately $234 million by week’s end.

Fidelity and Grayscale Trends

Fidelity's FBTC showed significant volatility, including a single-day outflow of $104.13 million, resulting in a net loss of about $124 million for the week. Grayscale’s GBTC also experienced outflows of approximately $77 million, while ARKB saw a decline of nearly $19 million.

Performance of Smaller Products

Smaller Bitcoin funds, including BITB, HODL, EZBC, BTCO, and BRRR, also recorded losses. The only bright spot was Grayscale's Bitcoin Mini Trust, which recorded a net inflow of around $7 million.